Nordson (NASDAQ:NDSN) Hits New 12-Month High – Still a Buy?

Nordson Corporation (NASDAQ:NDSN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $338.75 and last traded at $337.65, with a volume of 3852 shares traded. The stock had previously closed at $333.58.

Analysts Set New Price Targets

A number of brokerages have weighed in on NDSN. Oppenheimer boosted their price objective on Nordson from $335.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Robert W. Baird raised their target price on shares of Nordson from $328.00 to $351.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. BNP Paribas Exane upped their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, KeyCorp reiterated a “buy” rating on shares of Nordson in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $326.57.

Nordson Price Performance

The company has a 50-day moving average of $300.48 and a 200-day moving average of $287.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.82. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.17 and a beta of 0.96.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.16. The company had revenue of $817.67 million during the quarter, compared to analysts’ expectations of $779.49 million. Nordson had a return on equity of 20.49% and a net margin of 18.63%.The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $2.73 EPS. Nordson has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities research analysts predict that Nordson Corporation will post 11.83 earnings per share for the current year.

Nordson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. Nordson’s dividend payout ratio (DPR) is currently 33.16%.

Hedge Funds Weigh In On Nordson

Several institutional investors have recently bought and sold shares of NDSN. XXEC Inc. acquired a new stake in shares of Nordson in the 2nd quarter worth $896,378,000. California State Teachers Retirement System increased its stake in shares of Nordson by 26,611.5% during the second quarter. California State Teachers Retirement System now owns 21,054,040 shares of the industrial products company’s stock worth $6,351,793,000 after acquiring an additional 20,975,220 shares during the period. Vanguard Group Inc. raised its holdings in Nordson by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 6,257,600 shares of the industrial products company’s stock worth $1,504,515,000 after purchasing an additional 186,480 shares in the last quarter. BlackRock Inc. purchased a new position in Nordson during the second quarter worth about $1,248,447,000. Finally, State Street Corp lifted its position in Nordson by 4.7% in the second quarter. State Street Corp now owns 2,958,110 shares of the industrial products company’s stock valued at $636,375,000 after purchasing an additional 133,229 shares during the period. 72.11% of the stock is owned by institutional investors and hedge funds.

About Nordson

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.